PGS’s new data, resulting from its research in both the Ionian and South of Crete, not only confirm the statistical studies of analogue geology, which could be also found at the Institut Français du Pétrole, and the Canadian Petroleum Institute, and that was the outcome even though the seismics were relatively sparse at the final stage, because initially they were frequent.
Additionally, PGS’s presentation was based on a sample survey, with fast processing seismics, regarding only the most important marine targets, where reserves are most probably present.
While based on these structures – targets, statistically, there must be many more structures, both in the Ionian and South of Crete.
Mathematically, we have a statistic model for the two areas, because of their analogy with other known ones, on some of which drillings have even occurred, but even mining as well. Nevertheless, this model is naturally general.
Now we obtain specific data, which is more accurate and better re: the seismic lines studied as far.
It’s them which confirm the initial model.
If we howeven were to incorporate them parametrically to that model, then we whould be constructing the same type of model, only of course more adapted.
But with interpolation, this model could predict more target reserves.
Therefore, we don’t only obtain an affirmation, but an enhancement as well.
Because in the case of the Ionian, we have elements with 10Km x 10Km seismic grid, we can have an even more effective interpretation about the region, and this is particularly important since the nominations of the licensing round regard marine plots 1, 2 and 10, which are all in the Ionian Sea, which consequently means, that we must be particularly careful with the Pyrrhus and Achilles reserves which are situated on maritime plots 2 and 4, but also with other probable ones based on the statistics of analogue geology.